Gambling revenues in Europe to fall 23% in 2020

Total gambling revenue in Europe will fall 23% this year – from € 98.6 billion in 2019 to € 75.9 billion in 2020 – as the gambling sector feels the impact of COVID-19, according to new published data from the European Gambling and Betting Association (EGBA) in partnership with H2 Gambling Capital.

Data covering the EU-27 and UK markets predicts that online gambling revenues in Europe will grow by 7% this year – from 24.5 billion euros in 2019 to 26.3 billion euros in 2020 – despite significant a drop in online gaming revenues in the second quarter as a result of the coronavirus pandemic and the cancellation of major European sports. However, this does not offset the significant downturn in land-based gambling in Europe, with land-based gambling revenues expected to fall 33% this year, from € 74.1 billion in 2019 to € 49.6 billion in 2020.

It is also reported that online betting continues to rise and mobile betting is becoming more popular. Looking ahead, the robust growth of the European online gambling market is expected to continue, with online GGR expected to grow by about 7% per year and reach 33.6% of total gambling revenue in Europe by 2025. That being said, mobile rates are expected to account for 45.6% of online gambling revenues in Europe in 2020 and reach 50.8% by 2022, surpassing desktop use for the first time. This trend is expected to continue in 2025, when the share of mobile rates will be 58.2%.

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